Submission + - Nokia Buys Navteq for $8.1 Billion (nytimes.com)
mytrip writes: "Nokia, the world's biggest cellphone maker, said today that it had agreed to pay $8.1 billion for Navteq, the maker of digital mapping and navigational software based in Chicago, as it seeks to migrate satellite-based location services onto its range of phones.
Nokia's president and chief executive, Olli-Pekka Kallasvuo, said that location-based services were a cornerstone of Nokia's Internet services strategy, which is part of an overall plan to expand beyond the production of cellphones into user services like photos, video, music and games.
Navteq data is used by Google Maps, Google Earth , numerous other online services, and many GPS products."
Nokia's president and chief executive, Olli-Pekka Kallasvuo, said that location-based services were a cornerstone of Nokia's Internet services strategy, which is part of an overall plan to expand beyond the production of cellphones into user services like photos, video, music and games.
Navteq data is used by Google Maps, Google Earth , numerous other online services, and many GPS products."